Donald Trump, the reality TV star and self-described "King of Debt" turned president, is living up to his schizophrenic reputation, as the US national debt just surpassed $21 trillion.
(National Debt Clock - 3/21/2018)
It's a sadly predictable about-face compared to how Trump sounded back in 2016:
So far, though, Agent Orange hasn't managed to "fix" anything regarding the national debt---in fact, government spending has only accelerated to shocking levels.
A trillion dollars were added to the debt in the last 6 months alone, and in just the last 6 weeks, it's skyrocketed by another five hundred billion.
No sign of the character The Donald played in 2016.
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For all of the Commander in Thief’s swindling, recent spikes in federal spending can be attributed to new legislation passed by Congress in February that suspended the debt ceiling.
This basically allows the government to legally “borrow” as much money as it wants---without limits---until March 1, 2019.
It's just more of the same we've come to expect from ever-expanding government---and not even a so-called "outsider" like Trump can reign in this beast.
Donny’s fanatic followers, however, will claim it's all part of his 4-D underwater chess strategy.
And apparently, that's what Trump now envisions: a “balanced budget” by the year 2027---another kick-the-can-down-the-road promise that no one will remember a decade from now.
Despite calling for $50 billion in more spending for 2018 than the prior year, the grand extortion plan relies on a growing, thriving economy to help cover the costs.
This whole moronic scheme depends on the US deficit actually shrinking down to $440 billion this year and eventually reaching a surplus in 2027.
The plan also includes some minor, frivolous cuts in non-defense spending. Yet, as former Congressman Ron Paul often pointed out, there’s never any actual cuts, just superficial reductions to previously planned increases, at best.
"Fairly quickly" was how fast Trump said he would balance the budget during an interview with Sean Hannity in 2016, elaborating that:
“It can be done. ... It will take place and it will go relatively quickly. ... If you have the right people, like, in the agencies and the various people that do the balancing ... you can cut the numbers by two pennies and three pennies and balance a budget quickly and have a stronger and better country.”
None of this deception should come as a surprise to TDV readers, though, since we've extensively covered Trump's failed promises and we predicted that he would not reduce the deficit even before he was (s)elected.
As some of our readers have pointed out, “fool me once, shame on you.” Don’t be fooled again.
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Stay ahead of the trends and decipher the media’s lies by reading the Dollar Vigilante newsletter (subscribe HERE). I’m currently in Nairobi where I just spoke at the World Blockchain Summit but our next issue should be coming out in the next few days.
What does over a trillion dollars in more in US government debt spending and refilling the swamp with war hawks do to the US dollar? Can wasting money on putting soldiers in space affect the US stock markets?
Well, the Dow is down nearly 1,500 points in just the last three days. And we believe the dollar will be next.
Stick with us here at The Dollar Vigilante, where we have not only predicted Trump would be no better than Barack Drone Bomber, but we have profited handsomely with our portfolio rising over 100% in both 2016 and 2017.
If only the US is a Real State business, he could fixed the 21 trillion dollar problem easily, but America is much broader than Real State and I don't think about the productivity and the output of American people will solves that problem alone.
Where's the over 21 trillion dollars misappropriated by HUD and DOD? https://msutoday.msu.edu/news/2017/msu-scholars-find-21-trillion-in-unauthorized-government-spending-defense-department-to-conduct/ Even with the increasingly worthless FED inflated dollars, 21 trillion is still an incomprehensible amount of money. You could buy all the blow and hookers in this world and the next closest 100 inhabitable planets and still not spend it all. Where did all those demon eyed Babylon money magic rectangles of paper go?
If he doesn’t double the debt in the next 7 years I’m going to be disappointed. Got to crank up those printing presses and get this over. Thanks for the post!
Check out the "Debt per Citizen at $64,260." No wonder they want to give amnesty to Citizenship. And "Debt to Tax Payer" at $173,548. What is really crazy is me getting a $200 refund. What a great country.
this is not about to make America great again! America has always been GREAT! And it will always bee !!
If Russia and China introduce gold into the monetary system he will be the King of hyperinflation.
Trump wants to outdo Obama in every way... even with the debt. America was conned, Trump is helping his bank friends.
I don't believe anyone in America was "conned"... because we were facing "Hunger Games" Klinton; the Butcher of Waco!, otherwise. Sadly the LP offered NOTHING in the name of Johnson and Weld. Let's hope this changes in 2020 with Adam Kokesh.... and whoever he wants as his running mate.
The other thing about Trump: He made it popular to be a harsh, wise-ass, masculine, dissenting voice. That "deplorable" worm can't be put back in the can. We the Deplorables are not even remotely interested in a Cult of Personality!!!
As always, you hit it on the nail, @dollarvigilante ! Thanks for the great service you provide.
He's running up the credit card first, then bankruptcy (aka hyper inflation). Look at everything he's doing. All inflationary: bringing home corp profits from abroad, getting China to sell treasuries, the Wall, tax cuts, trade war, etc. All equal higher prices.
I mean to whom should they repay it to? The super power of the world has taken money from Mars?
Most of us here knows its all a show. Speaking as an American I have know this for a long time. Voting for one side or the other means absolutely nothing. It's all a corrupt system. They will keep the spending going on money with no value until whatever plan for their new system is in place. Rather it's this year next year of five years from now, a system built on such instability in the first place can not be patched up with another government band aid that built the failing system in the first place. Take your profits, hedge yourself and enjoy the crash.
Thank you very much for sharing this information and the wonderful explanation for the steem experience,
Yeah think so too..🤔
Well, he sure is the "king of debt" considering he is the president of a country with more than 21 trillions in debt and counting.
Funny enough the Americans didnt see it comming a Trump is a business man, negotiator an entertainer but not a good politician, leaders are born not made, firing and hiring is all you'll experience throught his tenure
Trump is an actor. Nothing more. A willing participant in a WWE-style stage show, orchestrated by the (((counterfeit currency))) production and distribution racket down at "The Fed". So, whatchagonnafriggin' dooo abotttit?
Kokesh seems to have the right plan:
The GOP is the gasoline on the DemParty fire.
Even though this may sound funny. It is terrible for the country. We simple can not keep going deeper into debt. It is not susstanable the country will go #BANKRUPT>
This is very alarming.. I thought. I'm confused,, is the USA not generating revenue??
The US won't pay shit. When the time comes it will just go haircut after haircut towards the lenders. Who can force them to pay anyway? Nobody in Europe believes that by the way...
Well, it's more like 90% of all the americans are not educated. That's the biggest problem which they are having...So it's basically impossible to get out of the debt 🤣
It doesn't matter 21 or 210 trillions. They are the same in not returnable and need creating chaos outside US to support its existence or high level devaluation to clear it out. Exaggeration for easy understanding - one trillion for a house.
This post has received a 1.56 % upvote from @drotto thanks to: @markcze.